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Stock Market & Financial Investment News

News Breaks
May 2, 2014
12:08 EDTWLTWalter Energy to sell Blue Creek coal terminal
Walter Energy has reached an agreement in principle with the Alabama State Port Authority to sell both the Blue Creek Terminal located in the Port of Mobile and an additional parcel of more than 60 acres located less than a mile from the Blue Creek Terminal. The total consideration to be paid by the Port Authority for the properties is $25M. In addition, the company has agreed with the Alabama State Port Authority to amend the terms of the Coal Handling Agreement pursuant to which the Port Authority currently handles the company's coal exports through the McDuffie Coal Terminal in Mobile, Alabama. As part of the amendment, the Port Authority has agreed to a long term extension of the existing coal handling agreement and to make certain improvements to the McDuffie terminal to ensure the company has the capability to export the coal that will be produced when the company's Blue Creek Mine is completed. It is anticipated that the transactions will be consummated upon the satisfaction of usual and customary closing conditions.
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August 31, 2014
21:48 EDTWLTCoal stocks may get boost from Russia tensions, Reuters says
U.S. coal company stocks may get a boost in the near term if worsening relations between Russia and the West motivate President Putin to limit Europe’s natural gas supply, says Reuters. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
17:00 EDTWLTCoal miners become more optimistic as prices stabilize, WSJ says
Coal miners are becoming more optimistic as a two year glut of the fuel that has driven prices down seems to be abating, says the Wall Street Journal. Plant shutdowns and a pickup in buying from China and India are leading to more price stability and what some see as a gradual recovery, added the Wall Street Journal. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
August 28, 2014
14:50 EDTWLTWalter Energy volatility at low end of 38-month range
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August 21, 2014
05:52 EDTWLTStocks with implied volatility movement; NOK WLT
Stocks with implied volatility movement; Nokia (NOK) 30, Walter Energy (WLT) 62 according to iVolatility.

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